Guideline Value for Vallal Syed Yusuf Nagar 7th Street

Vallal Syed Yusuf Nagar 7th Street guideline value

The current guideline value for Vallal Syed Yusuf Nagar 7th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Vallal Syed Yusuf Nagar 7th Street has changed

The guideline value for Vallal Syed Yusuf Nagar 7th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023 and further rose to Rs 1,300 per sq.ft in the 2024 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 8% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Vallal Syed Yusuf Nagar 7th Street is below this median.

• Vallal Syed Yusuf Nagar 6th Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 5th Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Vallal Syed Yusuf Nagar 2nd Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vallal Syed Yusuf Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Vallal Syed Yusuf Nagar 7th Street?

The Sub Registrar Office that covers Vallal Syed Yusuf Nagar 7th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Rajakilpakkam

The guideline value plays a crucial role in property transactions in Rajakilpakkam, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction adheres to the current guideline value to avoid any discrepancies. This helps in maintaining transparency and compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value for Vallal Syed Yusuf Nagar 7th Street?

The current guideline value for Vallal Syed Yusuf Nagar 7th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is now Rs 1,300 per sq.ft in 2024.

What is the land classification for Vallal Syed Yusuf Nagar 7th Street?

Vallal Syed Yusuf Nagar 7th Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and registration fees at 2% on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,17,000.

Which office handles the registration for Vallal Syed Yusuf Nagar 7th Street?

The Selaiyur Sub Registrar Office handles the registration for Vallal Syed Yusuf Nagar 7th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.